More than 25 firms from the United Kingdom are set to visit the country to support its government’s effort to boost its trade and investment relation with the Philippines.
Lord Jonathan Marland, the Prime Minister’s Trade Envoy, have arrived in Manila on Monday and will stay until today (Tuesday) for a long-planned visit in line with the UK’s commitment to boost its trade and investment links between the UK and the Philippines.
Lord Marland is with three trade missions consisting of 25 multisector companies from various parts of UK and a delegation of UK infrastructure companies from South Korea.
“Promoting enterprise and investment is a key way of supporting economic growth in the Philippines, including areas that have recently been affected by natural calamities such as Leyte, Cebu and Bohol,” the British Embassy Manila said in a statement.
“The interest of the participating British companies is a tangible demonstration of the UK’s continuing confidence in the economic fundamentals of the Philippines and its commitment to strengthening and deepening mutual trade links,” it added.
During his visit, Lord Marland will be meeting various high-level government officials and business leaders in trade, infrastructure and finance, to promote the deepening partnerships between the two countries.
In particular, he will hold discussions with his counterparts in the Philippines government as well as range of meetings with senior business leaders to discuss potential commercial opportunities and partnerships.
The missions are organized in cooperation with the London Chamber of Commerce and Industry, UK-Asean Business Council, UKTI Northwest and the Korea Railroad Research Institute.
Partners of these missions include the Department of Trade and Industry (DTI) of the Philippines and British multinational bank, HSBC.
This comes after the visit of UK Minister for Trade and Investment Lord Stephen Green to the Philippines in September and the visit of Trade and Industry Secretary Gregory Domingo to the UK in October.
The UK is the highest European and fourth highest overall source of foreign direct investments in the Philippines, and in 2012, total UK exports to the Philippines were up 13 percent at over £550 million.
Madelaine B. Miraflor